Podcast: Derivatives accounting
The last several years have truly proven that if companies are to develop successfully, it is a must for them to manage financial risk. One of the options of financial risk management is a purposeful use of derivatives.
Therefore, in this podcast we will try to define what the derivatives are as well as to discuss how they should be accounted and presented in the financial statements. You are welcome to listen the podcast via the Internet at the bottom of the player or downloading an MP3 file to your computer.
- Which transactions are classified as derivatives?
- What are the key features of derivatives?
- How derivative instruments should be accounted for?
- Practical examples.
Simonas Rimašauskas, Manager at Deloitte Audit department